Cambridge Investment Research Advisors Inc. Sells 13,201 Shares of RTX Co. (NYSE:RTX)

Cambridge Investment Research Advisors Inc. lessened its holdings in shares of RTX Co. (NYSE:RTX - Free Report) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 286,175 shares of the company's stock after selling 13,201 shares during the quarter. Cambridge Investment Research Advisors Inc.'s holdings in RTX were worth $33,116,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RTX. Principal Financial Group Inc. increased its position in shares of RTX by 6.4% during the third quarter. Principal Financial Group Inc. now owns 1,901,336 shares of the company's stock valued at $230,366,000 after buying an additional 114,283 shares during the period. Spartan Planning & Wealth Management bought a new stake in RTX during the 4th quarter worth approximately $224,000. Strathmore Capital Advisors Inc. purchased a new stake in RTX in the 4th quarter worth approximately $310,000. Fulton Bank N.A. boosted its holdings in RTX by 14.2% in the 4th quarter. Fulton Bank N.A. now owns 25,633 shares of the company's stock valued at $2,966,000 after purchasing an additional 3,182 shares during the period. Finally, Private Client Services LLC grew its position in shares of RTX by 6.2% during the 4th quarter. Private Client Services LLC now owns 2,806 shares of the company's stock valued at $325,000 after purchasing an additional 164 shares in the last quarter. Hedge funds and other institutional investors own 86.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on RTX from $136.00 to $144.00 and gave the company an "overweight" rating in a research note on Tuesday, April 15th. Bank of America lifted their price target on RTX from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Thursday, January 30th. Baird R W upgraded shares of RTX from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 19th. StockNews.com upgraded shares of RTX from a "hold" rating to a "buy" rating in a research report on Thursday, April 24th. Finally, UBS Group increased their price target on shares of RTX from $133.00 to $138.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $161.06.

Insider Buying and Selling

In other RTX news, VP Amy L. Johnson sold 4,146 shares of the company's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $127.54, for a total value of $528,780.84. Following the completion of the transaction, the vice president now directly owns 9,546 shares in the company, valued at approximately $1,217,496.84. This represents a 30.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Christopher T. Calio sold 27,379 shares of RTX stock in a transaction dated Thursday, February 27th. The shares were sold at an average price of $130.36, for a total transaction of $3,569,126.44. Following the sale, the chief executive officer now directly owns 81,508 shares in the company, valued at $10,625,382.88. The trade was a 25.14 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 69,946 shares of company stock valued at $9,024,856 over the last ninety days. 0.15% of the stock is owned by insiders.

RTX Trading Up 0.0 %

RTX stock traded up $0.02 during trading hours on Friday, reaching $128.69. The company had a trading volume of 4,857,374 shares, compared to its average volume of 5,414,201. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.99 and a quick ratio of 0.74. RTX Co. has a 12-month low of $99.07 and a 12-month high of $136.17. The company has a 50-day moving average price of $128.26 and a 200 day moving average price of $123.93. The firm has a market cap of $171.92 billion, a price-to-earnings ratio of 36.25, a P/E/G ratio of 2.11 and a beta of 0.60.

RTX (NYSE:RTX - Get Free Report) last issued its earnings results on Tuesday, April 22nd. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.35 by $0.12. The company had revenue of $20.31 billion for the quarter, compared to the consensus estimate of $19.80 billion. RTX had a net margin of 5.91% and a return on equity of 12.45%. Equities analysts forecast that RTX Co. will post 6.11 earnings per share for the current year.

RTX Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.68 per share. This is a positive change from RTX's previous quarterly dividend of $0.63. This represents a $2.72 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Friday, May 23rd. RTX's dividend payout ratio is currently 79.77%.

RTX Profile

RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations.